Sorenson Capital has created a new group to focus on early-stage enterprise software and security investments. Sorenson Ventures will be led by managing director Ken Elefant and Sorenson Capital managing director Rob Rueckert, with Mr. Elefant leading investment efforts.
Mr. Elefant moves over from Intel Capital, where he was vice president of Intel Corp. and managing director of their software and security group. Earlier in his career he was a founding general partner at Opus Capital.
“Sorenson Ventures is the right fit for me,” Mr. Elefant said. “I wanted to take my entrepreneurial passion somewhere that was aligned with my values and strategy. The culture and vision of Sorenson Capital is an indication of the way it treats entrepreneurs – putting them first.
“It’s rewarding to work as a trusted partner, adding real value beyond monetary investment by providing assistance from our collective backgrounds and connections. Rob and I have always shared the same vision for technology and entrepreneurs, so the choice to join was easy. We believe we will be closing our first investment soon, which we have already identified in the security space.”
Mr. Rueckert and Mr. Elefant’s shared history goes back to when they were both Kauffman Fellows and continued through their tenures at Intel Capital.
“Throughout our history, Sorenson Capital has had early access to many of the best companies in the West, given the strong networks of our team,” Mr. Rueckert said. “However, we haven’t been able to service them until a later stage, because of the size and structure of our private equity fund.
“Sorenson Ventures was created specifically to bridge that gap and focus on these early-stage opportunities. Ken is an investor I trust and respect and I am excited to have him as our partner. With our decades of Bay Area venture investing experience, along with the deep expertise and networks of Sorenson Capital, we offer a unique and authentic investment partnership to entrepreneurs.”